Record News

02.05 / 15:47

Aware wellness Cycling Courts Vaccines Bharat Biotech says its Covaxin demonstrated ‘excellent safety records’

AstraZeneca admitted in a UK court that its Covid vaccine can cause a rare but serious side effect, Bharat Biotech said its Covaxin has demonstrated excellent safety records without vaccine-associated incidents such as blood clots, thrombocytopenia, TTS, VITT, pericarditis and myocarditis. Covaxin was the second most used Covid vaccine in India, after AstraZeneca’s vaccine that was produced locally by Serum Institute of India under the Covishield brand. Covaxin was developed with a single-minded focus on «safety first», followed by efficacy, Bharat Biotech said, while admitting that the efficacy of Covid-19 vaccines may be «short-lived».

02.05 / 14:07

markets UPS CEO Assurant Healthcare stake Coforge to acquire Cigniti Technologies' 54% stake at ₹1,415 per share; deal likely to complete by Q2FY25

Coforge on 2 May approved the acquisition of a 54 per cent stake in IT major Cigniti Technologies at a per share price of ₹1,415, the company said in its regulatory filing. The firm added that the acquisition process is expected to be completed by Q2FY25, subject to regulatory approvals by SEBI. The firm believes that the acquisition of Cigniti will not only help it grow to US$ 2 billion by FY27 but, ensure that the Coforge’s operating margins improve by 150-200 bps by FY27 itself.

02.05 / 12:57

markets UPS Apple economy Trade stage Buffett rules out ‘eye-popping’ returns. But investors aren’t listening.

Warren Buffett recently warned that Berkshire Hathaway has “no possibility of eye-popping performance." That hasn’t cooled the ardor of his fans, who could make Berkshire the only non-tech company in the U.S. worth $1 trillion. Shares of the sprawling conglomerate-—which operates businesses from insurer Geico to BNSF Railway and owns big chunks of Apple and American Express—have roared ahead of the broader market this year, even as Buffett, 93 years old, adapts to running Berkshire without the counsel of his longtime friend and partner Charlie Munger, who died in November at 99.

02.05 / 12:57

markets Blockchain Digital XRP performer innovations BlockDAG Creates Interest with Its Advanced PHANTOM Protocol & GHOSTDAG Algorithm Technology

BlockDAG emerges as a top contender for investors seeking robust growth opportunities in the dynamic cryptocurrency market. As the crypto world evolves, BlockDAG stands ready to redefine the boundaries of innovation and reshape the landscape of digital assets. Enthusiasts’ optimistic outlook on Avalanche is rooted in it's resilient infrastructure and unparalleled technological capabilities, positioning it to outshine its rivals in the cryptocurrency realm.

02.05 / 12:55

markets Target Compilation show 2020 reports Investors are impatient, they want big earnings

It’s taking bumper corporate earnings and profit forecasts to impress investors this season, after a record first-quarter rally left stocks looking expensive.

02.05 / 12:16

markets Citi Action students testing NEET UG Admit Card 2024: Are you facing errors while downloading or during verification? Here's the solution

National Testing Agency (NTA) has released the admit cards for the National Eligibility-cum-Entrance Test (Undergraduate) 2024 examination. Candidates who have completed the registration process for NEET UG 2024 can go to the official website at exams.nta.ac.in/NEET to obtain their NEET admit card for the year 2024. Meanwhile, many students have been complaining about errors while downloading admid cards. Many also pointed out that they have encountered errors with the verification code after entering the login details.

02.05 / 12:15

markets Cooper track International cricket Sporting USA Cricket ropes Amul as lead arm sponsor of men's team for T20 WC

USA Cricket has roped in Indian dairy brand Amul as the Lead Arm sponsor of its men's national cricket team for the ICC Men's T20 World Cup 2024. The announcement was made in the presence of the Consul General of India in the USA, Binaya R. Pradhan, Gujarat Cooperative Milk Marketing Federation (GCMMF) MD Jayen Mehta, and the USA cricket team at the Consulate General of India, New York. The ICC tournament will commence on June 1 with the opening match scheduled between USA and Canada in Dallas, TX. As co-hosts of this major ICC event, the USA will make its debut appearance in this global championship.

02.05 / 10:41

wellness performer European Assets trust replaces lead manager as performance lags

In a stock exchange notice today (2 May), the trust said he would be succeeded by Columbia Threadneedle portfolio manager Mine Tezgul, who the directors said was «very well suited» to deliver performance. «The board will continue to monitor performance closely and looks forward to working with Mine and Lucy Morris, who will continue in her role as investment manager supporting the lead investment manager,» the directors said. «The board wishes to place on record its thanks to Sam for his commitment to the company since his appointment as lead investment manager in 2011 and wishes him...

02.05 / 10:27

markets Trade Experts Stock market today: Sensex, Nifty end with mild gains after US Fed policy; BSE Midcap hits record high

Maintaining the status quo on rates, the Fed rejected any possibility of a rate hike in the near future while also avoiding giving clear signals on rate cuts. Experts said investors should focus more on domestic fundamentals and less on the Fed's policy moves as the US central bank may keep interest rates intact for a longer period.

02.05 / 09:53

Citi Waters Airlines reports Department Schools Dubai rains: Flights disrupted, schools closed as heavy downpour and thunderstorms soak emirate — 7 key points

Khaleej Times, an orange alert was issued on Thursday as heavy rains and thunderstorms lashed the desert city. The National Centre of Meteorology has said that the weather scenario was not anticipated to be as severe as what the city encountered on April 16. Also Read: 'Work from home, distance learning' in Dubai due to heavy rainfall warning.

02.05 / 09:53

markets UPS FIVE wellness reports Multibagger NSE SME stock Lagnam Spintex hits lifetime high after Q4 results 2024. Share jumps 225% in one year

Multibagger stock: Shares of Lagnam Spintex Ltd are one such example in the Indian stock market. The NSE-listed SME stock has been in an uptrend after bottoming out at around ₹107 apiece on 13th March 2024. However, the small-cap multibagger stock still has some upside steam.

02.05 / 09:19

markets UPS Manufacturing track Equality Maiva Pharma raises Rs 1000 crore from Morgan Stanley Private Equity, InvAscent

Maiva Pharma, the Benguluru based pure play injectables Contract Development and Manufacturing Organization (CDMO) catering to US market, has raised Rs 1,000 crores in primary and secondary funding from a fund managed by Morgan Stanley Private Equity Asia and India Life Sciences Fund — IV (InvAscent), for a controlling stake from existing investors and infused primary capital in the company. Morgan Stanley PE Asia and India Life Sciences Fund are investing almost equally, total stake with both funds combined will be over 60% post primary investment, the company told ET. This is Maiva’s first private equity fundraise. Few existing high networth individual (HNI) investors will be exiting.

02.05 / 09:19

Target security Research wellness Trade Indus Indus Towers facing a Rs 60 cr shortfall in collections from Vodafone Idea in Q4

Indus Towers collected an extra Rs 360 crore from Vodafone Idea (Vi) towards old dues including interest, but its trade receivables increased by Rs 430 crore sequentially in the FY24 March quarter, indicating a Rs 60 crore shortfall in collections from its key client, analysts said. They added that despite part-clearance of old dues, Indus’ trade receivables have risen sequentially to Rs 6,450 crore in Q4FY24 as the actual collection of Vi’s past outstandings happened in April 2024. “The Rs 430 crore increase in Indus’ trade receivables is due to a timing difference and the amount was subsequently collected in April,” Kotak Institutional Equities said in a research note.

02.05 / 08:35

UPS ETF BlackRock Bitcoin reports Bitcoin spot ETF BlackRock’s IBIT Experiences $37M Outflows for First Time, Other Funds See Combined $526.8M Withdrawals

The spot Bitcoin exchange-traded funds (ETFs) in the United States have witnessed record net outflows, with BlackRock’s iShares Bitcoin Trust (IBIT) experiencing its first-ever day of outflows.

02.05 / 08:35

Tether USDT Bitcoin reports Tether USDT Tether Holdings Reports Record $4.52 Billion Net Profit in Q1 2024 for USDT Stablecoin

Tether Holdings, the issuer of the world’s largest stablecoin, Tether (USDT), has reported a record net profit of $4.52 billion in the first quarter of 2024, marking a significant achievement for the company.

02.05 / 08:00

COST UPS CEO reports Earnings Impact: REC jumps 9.5% to record high on strong Q4 results, soars 30.5% in 8 sessions

REC surged 9.5 percent in intra-day deals today, May 2 to hit a new high of ₹555.45 on the back of strong March quarter (Q4FY24) results. Including today's rally, the stock has extended gains for the eighth straight session, soaring 30.5 percent in this period. The PSU (public sector undertaking) company posted a 33 percent year-on-year (YoY) jump in its consolidated net profit in the quarter under review to ₹4,079 crore, helped by healthy growth in core income and a provision write-back.

02.05 / 07:59

markets UPS Progressive performer reports Netweb Technologies share price locked at 5% upper circuit after robust Q4 results

₹1,765.40 apiece on the BSE Thursday after the company reported strong earnings for the quarter ended March 2024. Netweb Technologies India’s net profit in the fourth quarter of FY24 jumped 181.8% to ₹29.66 crore from ₹10.52 crore in the year-ago quarter. The company’s revenue from operations in Q4FY24 increased 115.48% to ₹265.80 crore from ₹123.39 crore, YoY.

02.05 / 07:59

markets Provident Progressive security community information Good news for fixed-income investors! Now you can buy bonds for just Rs 10,000

In one of the biggest reforms for the bonds market in India, capital market regulator SEBI has given its go-ahead to a proposal to cut the minimum ticket size of bond investments to Rs 10,000 from Rs 1 lakh.

02.05 / 05:25

markets COST UPS Strategy Align reports ‘I rent for ₹1.5 lakh/month, math of buying doesn’t work for me’, says Bombay Shaving Company's Shantanu Deshpande

Shantanu Deshpande shared his insights on the renting vs buying debate regarding houses. Deshpande's personal decision came up during a conversation with Hyderabad-based real estate entrepreneur Ajitesh Korupulu. The latter was a guest on Deshpande's YouTube channel for a podcast on investing money in real estate.

02.05 / 02:29

CEO Software Food Trade President rights Girish Mathrubootham steps down as Freshworks CEO; Dennis Woodside takes charge

Freshworks said on Wednesday that founder Girish Mathrubootham will step aside as the chief executive and will take on the role of executive chairman. Meanwhile, Dennis Woodside will take over as CEO of the CRM software maker. In a post on X, Mathrubootham said, «After spending almost 14 years since founding Freshworks as a tiny startup in Chennai, to scaling it to be a global Saas player and the first Indian Saas company to list on Nasdaq, I’m excited to announce that I’m stepping into a new role as Executive Chairman of Freshworks.»

02.05 / 02:29

markets Target Progressive DOW show reports S&P 500, Nasdaq end lower after Fed rate decision, Powell press conference

Federal Reserve left its key interest rate unchanged, as expected, and indicated that while its next move will likely be a rate cut, continued progress on inflation is not assured. The S&P 500 and the Nasdaq ended lower while the Dow Jones Industrial Average notched a modest gain.

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